Ramco Cement BuyIchimoku Cloud Broken
Price Retraced After Good Upmove
All The Leading Technical Indicators Positive
Cement Stocks In My Buying Scanner
Buy Ramco At Cmp 902
SL - 860 ( Day Closing Basis )
Target - 1055/1135
Ramcocementlong
Clear Flag and pole pattern in Ramco Cement.Ramco Cement is forming a flag and pole pattern on the weekly charts and there is a bullish moving averages cross over.
Stock has been consolidating for a month and is trading in a 40 points range. The break out can give good 150+ points as per the measure target.
Indian markets are trading near the ATH and stock will follow the indices.
On the daily time frame, the stock is respecting the 20 EMA and is taking good support from it. RSI indicator is showing some negative divergence and is around 50 levels.
Entry :- Above 950
Target :- 1037, 1090
Swing and positional trades can be initiated in the stock. Even short term stock purchase can also be created in the stock.
Wait for the market to show some break out as there is a bullish pattern formation.
Preparing for Inverted HnS Pattern The Scrip is possibly moving for an Inverted HnS pattern and we may see a good upmove in this scrip. keep this in radar.
The Ramco Cements Ltd - 05.12.2021The Ramco Cements Ltd - 05.12.2021
The stock is trading @ 950 levels
The prices are below ema
The stock is trading under a Channel Range
There is a Doji in weekly chart
Stochastic Bullish Divergence in Weekly Chart
let the prices go above 981 levels
watch out for the price action
Simple Trade Setup | RAMCOCEMENT | 01-11-2021 [ INTRADAY]NSE:RAMCOCEM
I am posting this from one of the follower's request on Twitter.
Observations:
1) On daily time frame, we can see it took Good support from 50DMA and gave breakout of 1050 level.
If it gives dip till 1040/1050 level and takes support from it then it will be buying opportunity.
Target will be 1140.
Please refer below chart : 1day Time Frame.
2) On 15min time frame we can see it gave breakout of cup and handle pattern.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
